HB68 Alabama 2010 Session

Summary

Primary Sponsor

Robert Bentley

Republican

Session

Regular Session 2010

Title

Income tax, employers creating jobs for unemployed persons, tax deduction authorized, Revenue Department to implement, Reemployment Act of 2010

Description

To encourage businesses to create jobs for unemployed persons, this bill proposes an income tax deduction for businesses that hire a person presently drawing unemployment compensation or whose unemployment compensation benefits have expired. Such businesses will receive an income tax deduction equal to fifty percent (50%) of the taxable income of each such person hired and retained as an employee for twelve consecutive months.

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Subjects

Taxation